Westby Corp., a high school uniform manufacturer, was authorized to issue an unlimited number of common shares. During January 2017, its first month of operations, the following selected transactions occurred:

Jan.	1	1,000 shares were issued to the organizers of the corporation. The total value of the shares was determined to be $11,100.
	5	15,000 shares were sold to various shareholders for $12.60 each.
	15	The board of directors declared a cash dividend of $0.66 per common share to shareholders of record on January 19, payable January 31.
	20	4,000 shares were issued in exchange for land valued at $44,400. The shares were actively trading on this date at $10.60 per share.
	31	Closed the Income Summary account, which showed a credit balance of $156,000.
	31	Paid the dividends declared on January 15.

Required: a. Journalize the above transactions. The Company does not use a Cash Dividends Account. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)